Quote from: usagi on October 04, 2012, 10:46:00 AM

Quote from: bitcoin.me on October 04, 2012, 08:57:33 AM

Quote from: usagi on October 03, 2012, 07:17:12 PM

Quote from: Puppet date=1349291751

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Guess what puppet, it's not my job to donate personal money to BMF. I do it because I love my shareholders. But I do not love you because you are an evil troll. You are banned from posting on this thread, and your post will be deleted. If you keep posting here I really hope you get banned from the forums.

Couldnt you repair BMF NAV using the insurance it supposedly holds with CPA ?

If not , why not ?

Let's look at two scenarios.
1. Under the contract BMF and CPA can choose to accelerate their obligations to the point where the contract expires. In this case BMF would owe CPA exactly 10 bitcoins. I could do that (and I have stated I have -- although I have not made an exact accounting of it, the figure should be very close to that).

2. CPA could easily "give 100 bitcoins" by returning 200 shares of BMF to BMF. Hell, it could easily give 1,000 shares to BMF (500 bitcoins value). What would this accomplish? Well, CPA would get the money back yes, but it would weaken CPA and indebit BMF to CPA for 2 years. The BMF share price would go up but BMF has been around 0.5 for 2 months now. BMF has a plan for increasing in value. I don't think it is really necessary.

Actually now that you have made me think about it a little more, this looks like the kind of thing a motion could solve.

Do you think I should put this up as a BMF motion? Technically it's BMF that would have to ask for the insurance. I just don't think it's worthwhile to do.

So, what you are saying is that the "insurance" is not worth shit, and it was just a ploy to make yourself look more solvent than you are?